Tuesday, 21 July 2015

Plane speaking after Iran's nuclear deal

The long-awaited nuclear deal with Iran may have some bankers "licking their lips", as the Financial Times puts it, but in truth there is a long and complicated road to be navigated before most Western firms will be able to do business there. Among US exporters, only one sector already has an open invitation. It deserves it. For decades, Iranian airlines were forced into the black market when sourcing, and repairing, their planes. Elaborate paper-trails conspired to throw America off the scent of illicit transactions...